Tyson Foods’ (TSN) Sell Rating Reiterated at Pivotal Research

Pivotal Research restated their sell rating on shares of Tyson Foods, Inc. (NYSE:TSN) in a research report sent to investors on Wednesday. The firm currently has a $40.00 target price on the stock.

Other analysts have also issued research reports about the stock. BMO Capital Markets reissued a buy rating and issued a $75.00 price target on shares of Tyson Foods in a report on Thursday, June 15th. Vertical Research raised shares of Tyson Foods from a hold rating to a buy rating in a report on Tuesday, June 13th. Mizuho began coverage on shares of Tyson Foods in a report on Wednesday, June 7th. They set a buy rating and a $71.00 target price for the company. Jefferies Group LLC reaffirmed a buy rating and set a $75.00 target price on shares of Tyson Foods in a report on Monday, April 3rd. Finally, Zacks Investment Research raised shares of Tyson Foods from a hold rating to a buy rating and set a $72.00 target price for the company in a report on Thursday, April 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Tyson Foods has a consensus rating of Buy and a consensus target price of $69.04.

Tyson Foods (TSN) traded up 0.39% during midday trading on Wednesday, reaching $61.63. The company’s stock had a trading volume of 716,612 shares. The firm has a 50-day moving average price of $59.87 and a 200 day moving average price of $62.15. Tyson Foods has a 52-week low of $55.72 and a 52-week high of $77.05. The stock has a market capitalization of $22.62 billion, a price-to-earnings ratio of 12.87 and a beta of 0.25.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by $0.05. The company had revenue of $9.08 billion during the quarter, compared to analyst estimates of $9.07 billion. Tyson Foods had a net margin of 4.91% and a return on equity of 18.55%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 EPS. Equities research analysts predict that Tyson Foods will post $5.02 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.47%. Tyson Foods’s dividend payout ratio is 18.79%.

Institutional investors have recently made changes to their positions in the company. Horrell Capital Management Inc. boosted its position in shares of Tyson Foods by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock worth $1,682,000 after buying an additional 100 shares in the last quarter. Regentatlantic Capital LLC boosted its position in shares of Tyson Foods by 3.0% in the first quarter. Regentatlantic Capital LLC now owns 111,916 shares of the company’s stock worth $6,906,000 after buying an additional 3,224 shares in the last quarter. National Pension Service boosted its position in shares of Tyson Foods by 7.1% in the first quarter. National Pension Service now owns 265,039 shares of the company’s stock worth $16,337,000 after buying an additional 17,455 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Tyson Foods by 25.3% in the first quarter. Gulf International Bank UK Ltd now owns 5,951 shares of the company’s stock worth $367,000 after buying an additional 1,200 shares in the last quarter. Finally, Wilsey Asset Management Inc. boosted its position in shares of Tyson Foods by 1.9% in the first quarter. Wilsey Asset Management Inc. now owns 134,280 shares of the company’s stock worth $8,281,000 after buying an additional 2,468 shares in the last quarter. 71.59% of the stock is currently owned by institutional investors.

Tyson Foods Company Profile

Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.

Analyst Recommendations for Tyson Foods (NYSE:TSN)

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